Exhibit 99.5
| Monthly Investor Report: Verizon Master Trust - VZMT 2024-4 | ||||||
| Collection Period | Payment Date | Transaction Month | Series Status at End of Prior Payment Date | |||
| February 2026 | 03/20/2026 | 21 | Revolving | |||
| Offered Notes | Anticipated Redemption Date | Final Maturity Date | Issuance Note Balance | SOFR:Days in the Interest Period | Note Interest Rate | SOFR Adjustment Date | SOFR30A | Total | ||||||||||||||||||||||||
| Class A-1a |
6/22/26 | 06/20/2029 | $288,686,000.00 | 5.21 | % | 5.21 | % | |||||||||||||||||||||||||
| Class A-1b |
6/22/26 | 06/20/2029 | $245,918,000.00 | 28 | SOFR +0.55 | % | 03/13/2026 | 3.67223 | % | 4.22 | % | |||||||||||||||||||||
| Class B |
6/22/26 | 06/20/2029 | $40,872,000.00 | 5.40 | % | 5.40 | % | |||||||||||||||||||||||||
| Class C |
6/22/26 | 06/20/2029 | $24,524,000.00 | 5.60 | % | 5.60 | % | |||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||
| Total |
|
$600,000,000.00
|
|
|||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||
| Series 2024-4 Allocation % x Group One Available Funds |
$38,120,891.40 | |||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$0.00 | |||
| Amounts drawn on the Reserve Account |
$0.00 | |||
| Amounts released from Principal Funding Account |
$0.00 | |||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
||||
| Total Available Funds |
$38,120,891.40 | |||
| Beginning of Period Reserve Account Balance |
$ | 6,539,509.54 | ||
| Required Reserve Amount |
$ | 6,539,509.54 | ||
| Shortfall in Required Reserve Amount |
$ | 0.00 | ||
| Reserve Account funds needed this period (True/False) |
FALSE | |||
| Reserve Account draw amount required |
0.00 | |||
| Reserve Account Deposit Amount |
$ | 0.00 | ||
| End of Period Reserve Account Balance |
$ | 6,539,509.54 |
| Waterfall Distribution | Amount Due | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||||||
| Master Collateral Agent Fee |
$43.09 | $43.09 | $0.00 | $0.00 | $38,120,848.31 | |||||||||||||||||||
| Owner Trustee Fee |
$0.00 | $0.00 | $0.00 | $0.00 | $38,120,848.31 | |||||||||||||||||||
| Asset Representations Reviewer Fee |
$27.09 | $27.09 | $0.00 | $0.00 | $38,120,821.22 | |||||||||||||||||||
| Supplemental ARR Fee |
$108.37 | $108.37 | $0.00 | $0.00 | $38,120,712.85 | |||||||||||||||||||
| Indenture Trustee Fee |
$1,250.00 | $1,250.00 | $0.00 | $0.00 | $38,119,462.85 | |||||||||||||||||||
| Servicing Fee |
$466,548.41 | $466,548.41 | $0.00 | $0.00 | $37,652,914.44 | |||||||||||||||||||
| Class A-1a Note Interest |
$1,253,378.38 | $1,253,378.38 | $0.00 | $0.00 | $36,399,536.06 | |||||||||||||||||||
| Class A-1b Note Interest |
$807,584.06 | $807,584.06 | $0.00 | $0.00 | $35,591,952.00 | |||||||||||||||||||
| First Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $35,591,952.00 | |||||||||||||||||||
| Class B Note Interest |
$183,924.00 | $183,924.00 | $0.00 | $0.00 | $35,408,028.00 | |||||||||||||||||||
| Second Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $35,408,028.00 | |||||||||||||||||||
| Class C Note Interest |
$114,445.33 | $114,445.33 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Third Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Reserve Account up to Required Reserve Amount |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Regular Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Supplemental Successor Servicer Fee |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Additional Interest Amounts |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Make-Whole Payments |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Additional Fees and Expenses |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Additional Trust Expenses |
$0.00 | $0.00 | $0.00 | $0.00 | $35,293,582.67 | |||||||||||||||||||
| Class R Interest |
$35,293,582.67 | $35,293,582.67 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
$38,120,891.40 | $38,120,891.40 | $0.00 | $0.00 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total Priority Principal Payments and Additional Interest Amounts |
|
$0.00 | ||||||||||||||||||||||
Page 1 of 2
| Noteholder Payments | Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$0.00 | $0.00 | $1,253,378.38 | $0.00 | $0.00 | $1,253,378.38 | ||||||||||||||||||
| Class A-1b |
$0.00 | $0.00 | $807,584.06 | $0.00 | $0.00 | $807,584.06 | ||||||||||||||||||
| Class B |
$0.00 | $0.00 | $183,924.00 | $0.00 | $0.00 | $183,924.00 | ||||||||||||||||||
| Class C |
$0.00 | $0.00 | $114,445.33 | $0.00 | $0.00 | $114,445.33 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total |
$0.00 | $0.00 | $2,359,331.77 | $0.00 | $0.00 | $2,359,331.77 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Note Balance | Payment per $ 1,000 of Notes
|
As of Prior Payment Date
|
Current Payment Date
|
|||||||||||||||||||||||||||||
| Noteholder Payments | per $1,000 of Notes | Interest Payment | Make-Whole Payment | Total Payment | Balance | Note Pool Factor | Balance | Note Pool Factor | ||||||||||||||||||||||||
| Class A-1a |
$1,000.00 | $4.34 | $0.00 | $4.34 | $288,686,000.00 | 1.00 | $288,686,000.00 | 1.00 | ||||||||||||||||||||||||
| Class A-1b |
$1,000.00 | $3.28 | $0.00 | $3.28 | $245,918,000.00 | 1.00 | $245,918,000.00 | 1.00 | ||||||||||||||||||||||||
| Class B |
$1,000.00 | $4.50 | $0.00 | $4.50 | $40,872,000.00 | 1.00 | $40,872,000.00 | 1.00 | ||||||||||||||||||||||||
| Class C |
$1,000.00 | $4.67 | $0.00 | $4.67 | $24,524,000.00 | 1.00 | $24,524,000.00 | 1.00 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Total |
$1,000.00 | $3.93 | $0.00 | $3.93 | $600,000,000.00 | 1.00 | $600,000,000.00 | 1.00 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Beginning Period | Add: Deposit | Ending Period | ||||||||||||||||||||||
| Principal Funding Account Limit |
$300,000,000.00 | 300,000,000.00 | ||||||||||||||||||||||
| Principal Funding Account balance |
$0.00 | $0.00 | $0.00 | |||||||||||||||||||||
Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.
Page 2